South Korea trash bag crisis: Why Seoul is panic buying `pay-as-you-throw` bags amid 2026 oil supply fears

Fears of a global naphtha shortage have triggered massive hoarding of plastic trash bags in South Korea. With the Kospi Index down 12% and the Won at a 17-year low, the government unveils a 26.2 trillion won emergency budget to stabilise the economy.

​Fears of a global naphtha shortage have triggered massive hoarding of plastic trash bags in South Korea. With the Kospi Index down 12% and the Won at a 17-year low, the government unveils a 26.2 trillion won emergency budget to stabilise the economy.